Turnover for Recent College Hires Lowest Since
1992

This number is at its lowest point since 1992, according
to the 2004 Employer Benchmark Survey conducted by the
National Association of Colleges and Employers (NACE). It
is significantly lower than has been seen recently, with
respondents to the survey in 2000 reporting a 9.6% turnover
rate.

NACE attributes this low rate of turnover to the poor
hiring markets of past years. The organization does not
expect this trend to persist, as the job market becomes
stronger and new college grads opt to move onto different
jobs that are more readily available than in years
past.

The NACE survey also shows that employers, when
searching for recent grads, are conducting fewer interviews
before choosing to hire. On average, employers interviewed
4.1 new college graduates to get one hire, which is down
slightly from the 4.5 interviews reported in 2000.

The NACE (
www.naceweb.org
) survey is based on responses from 285 employer members.
By sector, 49.5% of respondents were service employers,
38.2% were manufacturers, and 11.6% represented
government/nonprofit organizations. Of all respondents,
0.7% could not be classified by sector.